And eats the heart right out of good government, freedom, and prosperity:
President Obama has bet the economy on his program to grow the government and finance it with a more progressive tax system. It’s hard to miss the irony that he’s pitching this change in Washington even as the same governance model is imploding in three of the largest American states where it has been dominant for years — California, New Jersey and New York.
A decade ago all three states were among America’s most prosperous. California was the unrivaled technology center of the globe. New York was its financial capital. New Jersey is the third wealthiest state in the nation after Connecticut and Massachusetts. All three are now suffering from devastating budget deficits as the bills for years of tax-and-spend governance come due.
These states have been models of “progressive” policies that are supposed to create wealth: high tax rates on the rich, lots of government “investments,” heavy unionization and a large government role in health care.
Here’s a rundown on the results:
And they’re exactly what any sensible adult would expect them to be. In sum:
Workers in these paradises are indeed uniting — by leaving. New York ranks first, California second and New Jersey third in moving vans leaving the state.
The cure for the liberal disease? Why, more of the same, of course, by going national with the disaster. The upshot:
So goes the real-life experience of progressive governance, with heavy tax burdens financing huge welfare states, and state capitals dominated by public-employee unions. Formerly rich states, they are now known for job losses, booming deficits and debt, wage stagnation, out-migration and laughing-stock legislatures. At least Americans have the ability to flee these ill-governed states for places that still welcome wealth creators.
For now. Look for that to change eventually too. After all, they’re going to have to do something to keep the socialist circus train rolling, and enforcing their spread-the-misery program by restricting everyone’s ability to vote with their feet will be the only way to do it, since getting back to Constitutional government and free-market capitalism is simply out of the question.